CMF Adjusts Leadership of General Directorates

Chile CMF Press Releases (English)

Published March 20th, 2024

Detected March 26th, 2026

Summary

The Chilean Financial Market Commission (CMF) announced adjustments to its leadership structure, with several key directors stepping down. This internal organizational change aims to optimize the CMF's operational efficiency and strategic direction.

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What changed

The Chilean Financial Market Commission (CMF) has announced a series of leadership adjustments affecting several General Directorates. This announcement indicates that key directors have stepped down from their positions as part of an internal reorganization. The specific reasons for these departures and the new appointments are not detailed, but the CMF states the changes are intended to enhance operational efficiency and strategic focus.

For compliance officers, this news is primarily informational regarding the internal governance of the CMF. While no immediate compliance actions are required, it may be prudent to note any subsequent announcements regarding new leadership appointments or shifts in departmental focus that could indirectly impact regulatory interactions or interpretations. The document does not specify any new regulatory requirements or deadlines for regulated entities.

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CMF adjusts leadership of several General Directorates

March 19, 2026 - Catherine Tornel, Chairwoman of the Financial Market Commission (CMF), decided to make changes in several of the CMF's General Directorates.

Daniel García, General Director of Market Conduct Supervision; Nancy Silva, General Director of Studies; and José Antonio Gaspar, General Legal Director, will step down from their posts. As of March 20, the following individuals shall assume leadership of these teams in a deputy role:

General Directorate of Market Conduct Supervision: Nicolás Álvarez, current Director of Supervision of Fund Management Companies and Investment Advisors.
General Directorate of Studies: Alfredo Pistelli, current Director of Risk Analysis.
General Legal Directorate: Claudia Soriano, current Director of Legal Supervision. These changes aim to renew leadership to address the priorities and challenges the CMF is facing in this new stage.

The CMF thanks the outgoing directors for their contribution and commitment during their time in office and wishes them well in their future endeavors.